Transferring the risk to an insurance company is known as what?: Insurance
2. When the insured request to have the company change a condition or provision in an insurance policy the
document attach to the policy is referredto as what?: Endorsement
3. George and Sandy only home which was damaged ...
, 1. Transferring the risk to an insurance company is known as what?: Insurance
2. When the insured request to have the company change a condition or provision in an insurance policy the
document attach to the policy is referredto as what?: Endorsement
3. George and Sandy only home which was damaged by fire who has insurableinterest: George and Sandy
4. What is the most common loss settlement valuation in the property poli-cies?: Actual cash value
5. The insurance company pays the insured for damages that should have been collected from the app fault party
now the insured right to seek damagesfrom the airport party are transferred to his insurance company what best
describes this concept: Subrogation
6. PIP: Personal Injury Protection
7. Pip coverage is: Primary
8. Tort Immunity: Relief for persons who have suffered harm from the wrongful actsof others
9. Extend PIP: To fill percentage gaps
10. Additional PIP increases limits to...: Increase dollar limit only 10,000 to 25,000or more
11. Under Florida law what are the benefits payable for medical expenses: 80%
12. Under Florida law what are the benefits payable for lost wages: Up to 60%
13. Death benefits: 5,000
14. Deductibles are how much: $250,$500,$1000
15. Cease to defend: Limits exhausted by payment
16. Before an owner of a vehicle can't obtain a license plate and tag regis- tration the owner must purchase
PIP coverage in property damage liabilitycoverage in the amount of: $10,000
17. When will the individuals be requested to prove they are financially capable three different times: At the time of
an accident ( 2 )a major traffic violation and (3)an insurance vehicle is used in a felony
18. The minimum liability limits bar: 10/20/10
19. Which of the following does not trigger financial responsibility: An accidentwith a small amount of property
damage
20. FR-44 is for: People who are convicted of dui or dwi
21. If convicted of a dui or dwi insured must: Piggy 100% of the premium inadvance also carry 100/300/50
liability insurance coverage for 3 years
22. How long with the insured receive medical care when qualifying under medical payments: Medical Expenses
and funeral services three years from dateof accident regardless of fault
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller onlinetutor2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.29. You're not tied to anything after your purchase.
